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Golden Leaf Receives Approval to Extend Maturity of Convertible Debentures
Golden Leaf Holdings Ltd.January 25, 2021 GMT
TORONTO, Jan. 25, 2021 (GLOBE NEWSWIRE) Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) (“Golden Leaf”, “GLH”, or the “Company”), a premier, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, announced that it has received unanimous approval of holders of Convertible Debentures (the “Debentureholders”) that voted to amend certain terms of the Convertible Debentures due November 16, 2021 (the “Convertible Debentures”) at an extraordinary meeting held on January 21, 2021 (the “Meeting”).
Golden Leaf Strengthens its Balance Sheet
Golden Leaf Strengthens its Balance Sheet
TORONTO, Dec. 16, 2020 Golden Leaf Holdings Ltd. (CSE: GLH) (OTCQB: GLDFF) (“Golden Leaf” “GLH”, or the “Company”), a premier, consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, announced that it will seek the approval of holders (the “Convertible Debentureholders”) of Convertible Debentures due November 16, 2021 (the “Convertible Debentures”) to amend certain terms of the Convertible Debentures at an extraordinary meeting to be held on January 21, 2021 (the “Meeting”). The proposed amendments (the “Amendments”) include extending the maturity date of the Convertible Debentures from November 16, 2021 to November 16, 2022, providing immediate relief to the Company and its current liabilities. As consideration for this extension, the conversion price of the principal will change from C$0.30 to US$0.06 per common sha